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Why Lawsuits Are on the Rise at Startups and What to Do About It
- bootload 11y ago"The simple point is that if you control 51% of your company and/or the voting rights you can avoid a lot of headache and you can still be very generous with early people who join your mission." That's one way to do it. Co-founders sound a bit like partners in Proprietary Limited companies: bad news. A video from the post where Mark talks about founder problems: ~ https://www.youtube.com/watch?v=x0PFxUGgAJ4 https://www.youtube.com/watch?v=x0PFxUGgAJ4
- brudgers 11y agoThe lawyers and courts are what makes the existence and power of corporate organizations a reality. Contracts and articles of incorporation exist under the assumption that there will be litigation. TANSTAAFL...or in this case you can't have it both ways.
- tzs 11y ago> I angel funded a company 5 years ago. They won two big national contracts. The vendor who previously serviced those accounts sued them. For what? It is still not clear to me [...] Wouldn't the "for what?" part be covered in the plaintiff's court filings?